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A company estimates that it will need $129,000 in 14 years to replace a computer. If it establishes a sinking fund by making xed monthly
A company estimates that it will need $129,000 in 14 years to replace a computer. If it establishes a sinking fund by making xed monthly payments into an account paying 3.9% compounded monthly, how much should each payment be? E) The amount of each payment should be $D. (Round to the nearest cent.)
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